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U.S. Cash Grains-Corn, soy bids hold on slow farmer sales

Nov 14 (Reuters) - Corn and soybean cash basis bids were
steady to narrowly mixed around the U.S. Midwest on Thursday as
seasonal harvest pressure was offset by good demand and the slow
pace of new sales, grain merchants said.
    * Corn bids jumped 20 cents per bushel in the railcar market
in Fort Worth, Texas, where a user was said to need immediate
coverage of the grain. Corn bids also rose modestly at an
elevator in northern Ohio, while bids eased slightly at a
terminal along the Illinois River.
    * Soybean bids eased at a large processor in Decatur,
	
Illinois, and firmed at an elevator in Council Bluffs, Iowa. * Farmers were active sellers of soybeans on Tuesday and Wednesday and big sellers of corn on Monday and Friday before the sales slowed as futures drifted lower on Thursday. * The harvest is nearly complete and many growers are utilizing on-farm or commercial storage to stow away most of their supplies in the hope of selling later at higher prices. * Corn futures sagged on technical selling and concerns the U.S. government might soon lower its requirement on the amount of corn-based ethanol blended into fuel for 2014, traders said. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois Corn processors +8 + Z +8 + Z UNC Corn elevators -5 + Z -5 + Z UNC Soybean elevators +5 + F +5 + F UNC Wheat elevators +0 + Z +0 + Z UNC Wheat processors -10 + Z -10 + Z UNC Decatur IL corn +10 + Z +10 + Z UNC Decatur IL +17 + F +20 + F DN 3 soybeans Burns Harbor IN -24 + Z -24 + Z UNC corn Burns Harbor IN -6 + F -6 + F UNC soy Lafayette IN soy +7 + F +7 + F UNC Toledo OH (port) Corn -20 + Z -22 + Z UP 2 Soy +15 + F +15 + F UNC SRW wheat -13 + Z -13 + Z UNC
Davenport IA (river) Corn +0 + Z +1 + Z DN 1 Soy +2 + F +1 + F UP 1 Evansville IN (rail) 15-car CSX corn +3 + Z +3 + Z UNC Cincinnati OH (rail) 3-car corn -5 + Z -5 + Z UNC Hereford TX corn +95 + Z +95 + Z UNC Columbus OH (rail) 3-car corn -5 + Z -5 + Z UNC Morris IL (river) Corn -22 + Z -21 + Z DN 1 Soybeans +5 + F +5 + F UNC Fort Worth TX +140 + Z +120 + Z UP 20 corn Blair NE corn +5 + Z +5 + Z UNC Council Bluffs, IA (elevator) Corn -15 + Z -10 + Z DN 5 Soy -12 + F -15 + F UP 3 Des Moines IA soy -20 + X -20 + X UNC Sioux City IA soy -15 + F -15 + F UNC NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, X = November, Z = December --------------------------------------------------------------- LINKS: For U.S. forward basis spreadsheets, please double-click on: - CBOT corn report - CBOT soybean report - CBOT wheat report - U.S. grain barge freight values - U.S. Midwest cash grain PM - U.S. CIF Gulf Grain - U.S. FOB Gulf Grain (Reporting by Michael Hirtzer in Chicago. Editing by Andre Grenon)

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